Definition of private company in English:

private company

Line breaks: pri|vate com|pany

noun

British
  • A company whose shares may not be offered to the public for sale and which operates under legal requirements less strict than those for a public company.
    More example sentences
    • Forbes uses the value of publicly traded shares and private companies to obtain its figures.
    • It is indeed the basis of the distinction made in the Act between a public company and a private company.
    • The consultant advised that the project be franchised out to a private company through public tender.

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